The Securities and Exchange Commission of Pakistan (SECP) has approved revisions to the Shariah screening criteria and methodology for the PSX-KMI All Share Index. The revisions align with international benchmarks and aim to strengthen investor confidence in Shariah-compliant capital market instruments. The decision follows a high-level review meeting of the Committee on the Post-2027 Financial
Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan and Chairman Policy Advisory Board FPCCI, has said that while the domestic economy is showing signs of a genuine turnaround, the ongoing IMF review mission must not result in further energy tariff hikes or tax burdens that could push the struggling
Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded in the bidding round held on April 30, 2025. The signing ceremony for the blocks was held at the Ministry of Energy (Petroleum Division) in Islamabad. The provisional awards had been announced ear
Dour sentiment persisted in the Asian trading day on Friday as concerns about technology company valuations weighed on shares and Middle East tensions kept energy markets on edge. Japanese shares followed Wall Street lower after what appeared to be glowing results from AI sector bellwether Nvidia failed to impress investors. The yen and US Treasuries rose, while gold held steady after a two-
In a move aimed at bolstering Pakistan’s energy infrastructure, Frontier Works Organization (FWO) has mandated local banks to arrange a project finance facility of up to Rs 75.9 billion. HBL has been appointed as the InterCreditor Agent and Mandated Lead Arranger for the facility. Frontier Oil Company (FOC), a project company of FWO, is raising this strategic financing to develop a dualcarriage